Carmignac Credit 2031 : Characteristics & Risks

You may find in this section information on characteristics, costs, and risks of the Fund. ​If you have any questions, please do not hesitate to contact Carmignac for further details and assistance.​

Investment Universe and Objective

Characteristics

General Characteristics
Management Company
Carmignac Gestion S.A
Legal Form
French mutual fund (FCP)
ISIN
FR001400XCT7
Bloomberg
CARCR31 FP
SEDOL
BVP9CN5
CITI
BST9R
Mex
CAAFGF
Lipper
-
Detailed Characteristics
SFDR - Fund Classification
Article 8
Recommended minimum investment horizon
From the launch date to the maturity date, i.e. 31 October 2031.
Management
Fixed income strategies
Reference Indicator
-
Morningstar Category
Morningstar Category
N.A.
Net Asset Value & Assets Under Management
Date of 1st NAV
20/02/2025
Base Currency
EUR
Share class AUM
22 195.11€ (05/11/25)
Fund AUM
871 M€ / 999 M$
Dividend Policy
Accumulation
Capital Guarantee
No
NAV Frequency
Daily, except on French public holidays for FCP/SICAV; UK bank holidays for OEIC; Stock market holidays in the US, China and Hong Kong for China New Economy Funds. 
Subscribe to NAVs
Order Placement Cut-Off Time
Before 13:00 CET

Fees

One-off charges taken before or after you invest
Maximum subscription fees paid to distributors
0.50%
Redemption Fees
0.00%
Conversion Fee
-
Charges taken from the fund over a year
Ongoing Charges
1.34%
Management Fees
1.30% MAX
Charges taken from the fund under certain specific conditions
Performance Fees
20.00% of the outperformance to the reference indicator over the year. Performance fee is not charged until previous underperformance is offset

Risks

Main Risks of the Fund
Credit
Credit risk is the risk that the issuer may default.
Interest Rate
Interest rate risk results in a decline in the net asset value in the event of changes in interest rates.
Liquidity
Temporary market distortions may have an impact on the pricing conditions under which the Fund might be caused to liquidate, initiate or modify its positions.
Discretionary Management
Anticipations of financial market changes made by the Management Company have a direct effect on the Fund's performance, which depends on the stocks selected.
The Fund presents a risk of loss of capital.

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Reference to certain securities and financial instruments is for illustrative purposes to highlight stocks that are or have been included in the portfolios of funds in the Carmignac range. This is not intended to promote direct investment in those instruments, nor does it constitute investment advice. The Management Company is not subject to prohibition on trading in these instruments prior to issuing any communication. The portfolios of Carmignac funds may change without previous notice.
The reference to a ranking or prize, is no guarantee of the future results of the UCIS or the manager.
The Fund is a common fund in contractual form (FCP) conforming to the UCITS Directive under French law.
The information presented above is not contractually binding and does not constitute investment advice. Past performance is not a reliable indicator of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor), where applicable. Investors may lose some or all of their capital, as the capital in the UCI is not guaranteed. Access to the products and services presented herein may be restricted for some individuals or countries. Taxation depends on the situation of the individual. The risks, fees and recommended investment period for the UCI presented are detailed in the KIDs (key information documents) and prospectuses available on this website. The KID must be made available to the subscriber prior to purchase.). The reference to a ranking or prize, is no guarantee of the future results of the UCITS or the manager.